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but continuing with the theme of abundance, we will see the development of an energy surplus because of technological advances in exploiting both oil and natural gas resources, combined with new energy efficiency measures that will greatly reduce u.s. energy use. now the u.s. is now predicted, the international energy agency, predicts the u.s. will be the, will be the number one producer of oil by 2020. it will also be probably close to the top in the producers of natural gas. this will give us the wealth and income, mike lindh mentioned -- lind, mentioned 1 1/2% of gdp, we have 16 to 20 years to make up for the short fall in, in social security and 4 to 5% in medicare. well, the explosion of a moving from a energy deficit to a energy surplus will more than half close that gdp gap. so, we have a economic conditions that suggest that the challenges we face are the exact opposite of what the bowles-simpson grand bargain would impose on us as a growth strategy. the conditions that we're going to face over the next five to eight years with some amelioration if we do the right things are
energy was spent on health care and other things coming into the question is do you see that -- how do you strike that balance and do you see that changing as you go forward into the next four years? >> to complicate your questions about what the balance in the short term and the immediate and long-term things that matter for the strength of the economy and i think it's important to recognize that as we get to the next phase of the fiscal reform debate you have to think about this not just about how you bring them down gradually to the point they are sustainable you to think about it in terms of what can you do to improve the long-term growth in the american economy? there are things we have to do in infrastructure and education just to name to that are important to the potential of the country and are not very expensive. if we sacrifice those objectives in the interest of getting more fiscal restraint more quickly than is desirable would do damage across the country, so i would just encourage people to look at -- we want to look at things that are good for growth now and over the long
and the truth is, they are brutal. you look what is happening in the iranian energy area, not only the fact that they're able to sell, you know, less than 50% of what they were selling before. it is that their production, their output is down from over 4 million barrels a day to 2.6 million barrels a day. part of the reason for that is precisely because of the sanctions, the inability to continue to invest in the energy infrastructure, the inability to continue to pump and store oil as they shut down oil fields that may not be so easy for them to recoup. you look what is happening to the currency, the devaluation. there are some estimates that the currency is being devalued by half every two months. think about what that means. it means that what you're buying, when you go and you buy something it costs you twice as much. it means what you have in the bank is worth half as much. if this is continuing to happen, it is bound to have an effect on the society as a whole whole. look at what the supreme leader has been saying over the last couple weeks. on more than one occasion he has explicitly
to the committee on energy with instructions to report back the following amendment, number 2880. mr. reid: i ask for the yeas and nays on that motion. the presiding officer: is there a sufficient second? there appears to be. the yeas and nays are ordered. mr. reid: i have an amendment to the instructions. that's also at the desk. the presiding officer: the clerk will report. the clerk: the senator from nevada, mr. reid, proposes amendment numbered 2881 to the instructions on the motion to commit s. 3525. mr. reid: i ask for the yeas and nays on that amendment. the presiding officer: is there a sufficient second? there appears to be. the yeas and nays are ordered. mr. reid: i have a second-degree amendment at the desk. the presiding officer: the clerk will report. the clerk: the senator from nevada, mr. reid, proposes amendment numbered 2882 to amendment numbered 2881. mr. reid: i have a cloture motion on the bill that is already at the desk. the presiding officer: the clerk will report. the clerk: cloture motion. we, the undersigned senators in accordance with the provisions of rule 22 of the st
with the fire wall strategy spending about half of the convention dollars in energy. the three fire walls deutsch of florida, ohio and virginia which aside from indiana and north carolina is more appointed to victories of 2008 were the lowest percentage stays for barack obama. they have to those states together have 60 electoral votes they would appear to have to be entered 32 electoral votes without them he would have 272 which would meet only one other state would have tipped. there is not a likely candidate as you look down the percentages in this election. but it was nonetheless close. and i think it is this proved to be effective if you carry committees currently carrying florida by 46,000 votes and by 107,000 virginia by 100,000. the two injured 53,000 votes margins are responsible for his big electoral vote margin. it is a classic example of a high-risk strategy. the obama strategist are now going to be healed with some appropriateness as berlin and for employing the strategy. if a few numbers turn out a little differently they might be excoriated, but the fact is that they succeed
for this country. and i think when you get a situation where people have been spending most of their energy and time focused on their ill health or the ramifications of that with family members, there is not much space for doing the things we would like to see. so we have great ideas, wonderful examples of governance, education and so forth that we have seen and would like to spread, people don't have time for it. can focus on it. the vacancy, the vacuum created by that basic security invites trouble and in my experience this is where problems are. as i look around the world, there are a few areas that are well-educated and well defined and troubled, but vast areas that are troublesome that are all marked by lack of stability and so forth. these tieback pretty directly. it is a big world, a lot of different situations. >> the gentleman in the front and then we will get the uniform in the back. right here. >> i am ed vermont from the national institute of disease, and before that, i am a retired officer and i was actually recruited to and i age because of my military background. in 12 years
Search Results 0 to 5 of about 6

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